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Robert Kiyosaki Urges Investors to Turn to Bitcoin and Precious Metals
Renowned author Robert Kiyosaki, famous for his book “Rich Dad Poor Dad,” has issued a stark warning about the impending state of the US economy, predicting a severe downturn. In a tweet, Kiyosaki expressed his belief in a “crash landing” scenario and advised investors to safeguard their wealth by purchasing bitcoin, gold, and silver, which he considers reliable investments in the face of “corruption and incompetence.”
This is not the first time Kiyosaki has raised concerns about the economy; he previously forecasted the worst market crash in history for 2021. Kiyosaki, known for his pessimistic economic views, continues to advocate for alternative investments to protect against potential economic instability. While he previously criticized bitcoin as a speculative asset, he has now changed his stance due to its decentralized nature, which sets it apart from fiat currencies controlled by central banks and governments.
Additionally, Kiyosaki has long been a proponent of gold, silver, and bitcoin, considering them as “real money” compared to cash, which he dismisses as “trash.” The value of gold has risen by nearly 8% since the beginning of the year, making it an attractive safe-haven asset against inflation.
With inflation surpassing the Federal Reserve’s target of 2% and registering 4.9% in April, concerns about rising prices persist in the economy. Although inflation has shown a decline since mid-2022, experts warn of its lingering effects. In response to these concerns, Kiyosaki emphasizes the importance of protecting investments from inflationary pressures and suggests purchasing gold, real estate, gas, and food as effective strategies to counter rising prices.